UKGC Fines Videoslots £650,000 for Compliance Failures

The UK Gambling Commission (UKGC) has issued a £650,000 fine to online casino operator Videoslots after identifying multiple compliance failures during a recent regulatory review. According to the Commission, the company did not meet required standards in two key areas: anti-money laundering controls and responsible gambling procedures. Videoslots — which operates the brands Videoslots.co.uk, MrVegas, and MegaRiches — has also received an official warning and is required to undergo an independent third-party audit to reassess its internal processes. Regulators stated that the shortcomings increased the risk of financial crime and exposed vulnerable players to potential harm. The UKGC emphasized that operators must maintain strict compliance frameworks to protect consumers and ensure the integrity of the gambling market. Videoslots responded by confirming that it will cooperate fully with the regulator and implement the required improvements.